| Stage | GL | % of rev | HUN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.6B | 100.00% | $1.7B | 100.00% | HUN ×1.04 |
| Gross profit | $801M | 50.10% | $245M | 14.73% | GL +35.4pp |
| Operating income | $391M | 24.44% | $37M | 2.22% | GL +22.2pp |
| Pre-tax income | $355M | 22.18% | $26M | 1.56% | GL +20.6pp |
| Net income | $288M | 17.99% | $7M | 0.42% | GL +17.6pp |
| Stage | GL | HUN | Gap · A − B |
|---|---|---|---|
| Revenue | $1.6B100.00% | $1.7B100.00% | HUN ×1.04 |
| Gross profit | 50.10%$801M | 14.73%$245M | GL +35.4pp |
| Operating income | 24.44%$391M | 2.22%$37M | GL +22.2pp |
| Pre-tax income | 22.18%$355M | 1.56%$26M | GL +20.6pp |
| Net income |
| 17.99%$288M |
| 0.42%$7M |
| GL +17.6pp |
None
No disclosed counterparties: GL.